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U.S. stocks open higher amid earnings, data

Xinhua, April 20, 2017 Adjust font size:

U.S. stocks opened higher on Thursday as the earnings season continued.

Shares of American Express rallied over 3 percent in early trading, after it reported better-than-expected earnings in the first quarter of this year.

After Wednesday's closing bell, American Express reported a first-quarter net income of 1.2 billion U.S. dollars, and diluted earnings per share were 1.34 dollars.

Shares of Verizon dropped 1.59 percent after the tech giant posted worse-than-expected quarterly results.

On the economic front, in the week ending April 15, the advance figure for seasonally adjusted initial jobless claims was 244,000, an increase of 10,000 from the previous week's unrevised level of 234,000, the Labor Department said on Thursday.

The four-week moving average was 243,000, a decrease of 4,250 from the previous week's unrevised average of 247,250.

Shortly after the opening bell, the Dow Jones Industrial Average was up 55.19 points, or 0.27 percent, to 20,459.68. The S&P 500 rose 6.92 points, or 0.30 percent, to 2,345.09. The Nasdaq Composite Index gained 29.70 points, or 0.51 percent, to 5,892.74. Endi